He's a national treasure and should be knighted and given a peerage immediately.
From the guardian.co.uk
He renounced his Canadian citizenship in order to accept a British life peerage.
From the guardian.co.uk
Their privilege of peerage is not explicitly lost by service in the lower House.
From the en.wikipedia.org
He failed to get a seat for May 2010 and Ed Miliband rewarded him with a peerage.
From the telegraph.co.uk
You felt a bit like a commoner cordoned off from the peerage and landed gentry.
From the nytimes.com
Once the heirs of the original peer die out, the peerage dignity becomes extinct.
From the en.wikipedia.org
The same year, he was awarded a life peerage as Baron Butler of Saffron Walden.
From the en.wikipedia.org
As to regnal vs. peerage titles, I don't think this is a big deal for England.
From the en.wikipedia.org
Widmerpool renounces his peerage to cavort with a satanic cult called Harmony.
From the time.com
More examples
The peers of a kingdom considered as a group
The Peerage is a system of titles in the United Kingdom, which represents the upper ranks of British nobility and is part of the British honours system. The term is used both collectively to refer to the entire body of titles, and individually to refer to a specific title. ...
The rank of a peer or peeress; peers and peeresses as a group; a book listing such people and their families
The group of nobles, barons and above, considered to be peers. In an SCA context, the peers are comprised of the three equal branches, the Laurel, Pelican and Knight. ...
Hereditary titles (such as Count, Duke, and Earl), often linked to lands, powers, or responsibilties. For instance, English and Scottish peers had the right of summons to parliament.
Honour mentioned in the YPM episode The Grand Design. After becoming PM Jim Hacker immediately gave a peerage to Ron Jones. As it turns out the peerage was given to the wrong Ron Jones.
A book containing a list of peers with their genealogy, history, and titles
Dukes, earls, counts, viscounts, marquesses, barons, archbishops, bishops and judges. Baronets are not members of the peerage. -- Renia Simmons (edited)
Members of the nobility ranking from dukes to barons